answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet-ann [11.9K]
2 years ago
5

Matty Kaminsky owns a new Volvo. His June monthly interest is $400. The rate is 8 ½%. Matty's principal balance at the beginning

of June is (use 360 days):
Business
1 answer:
Nesterboy [21]2 years ago
5 0

Answer:

$56,470.59

Explanation:

We need to calculate the principal amount  at the beginning of June

Data:

Interest (I) = $400

Rate(r) = 8.5%

Time(t) = 360 days

Solution:

We can calculate the principal amount by rearranging the Interest calculation formula

Formula: I = Prt

Note; Where P in the formula is the principal amount

Now rearrange the formula in order to find principal

P = I/rt

P = $400/(0.085)x(30/360)

P = $400/(0.085)x(0.08333333333333)

P = $400/(0.00708333333333

P = $56,470.59

Note: we only need to find the principal balance of June so we will consider only 30 days of June out of 360 days.

You might be interested in
Lakeland Inc. employees get 40 hours paid leave each year to pursue volunteer projects. The company runs a service day that host
e-lub [12.9K]

Answer:

sense of mission marketing

Explanation:

Sense of mission marketing refers to the marketing practice that holds that a company has to define its mission in a broad social context and not just simply in product terms.  

In this case, Lakeland's employees are involved in several social projects that help local communities in all the places that the company operates.

4 0
2 years ago
Silver Corporation has provided the following information concerning its raw materials purchases. The budgeted cost of raw mater
kakasveta [241]

Answer:

$171,619.20

Explanation:

The computation of the budgeted accounts payable balance at the end of November is shown below:

= Budgeted cost of raw materials purchases in November × following month percentage

= $286,032 × 60%

= $171,619.20

As 40% is paid in the month of purchase whereas 60% is paid to the following month. So, we recognized 60%, not 40%

4 0
2 years ago
A spa has placed a magazine advertisement in a local women’s magazine. What technological feature have the owners incorporated i
mylen [45]

Answer: A. A QR code that is scanned and decodes information directly on the phone

Explanation:

This is the best option as QR codes are usually inserted into print media to give more information about something when they are scanned. They can even be used to give discounts.

Human technology has not reached the point where either pop-ups, interactive content, or image projections can appear on print media so options B through E are wrong.

5 0
2 years ago
People’s experiences can aid them in their careers. Experiences are best described as
Dmitriy789 [7]
The answer is the fourth sentence, the collection of things a person has done. Hope I could help! :D
3 0
1 year ago
Read 2 more answers
What register task requires the sales associate to inspect the item before accepting it? A. Applying a discount B. Processing a
LUCKY_DIMON [66]

I am thinking its most likely A.

8 0
1 year ago
Read 2 more answers
Other questions:
  • Special consideration should be paid to your tutor’s___________when selecting a tutor.
    8·2 answers
  • If consumers buy a new computer at a certain store, they are offered a gift card to a local restaurant. This is an example of wh
    15·2 answers
  • Managerial accounting is different from financial accounting in that: Multiple Choice Managerial accounting is more focused on t
    13·1 answer
  • In the LMN partnership, Lynn's capital is $60,000, Marty's is $80,000, and Nancy's is $70,000. They share income in a 4:3:3 rati
    10·1 answer
  • When the Fed buys bonds the supply of money decreases and so aggregate demand shifts left. the supply of money decreases and so
    15·1 answer
  • Card Corp. purchased bonds at a discount of $49,000, and accounted for the bonds as held to maturity. Subsequently, Card sold th
    9·1 answer
  • Department 1 completed and transferred out 450 units and had ending work in process inventory of 60 units. The ending inventory
    6·1 answer
  • On June 1 of the current year, Pamela Schatz established a business to manage rental property. She completed the following trans
    8·1 answer
  • Dumphy and Funke are rival tattoo artists in the small town of Feline. There are no other tattoo artists in town. It costs $30 t
    7·1 answer
  • Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!